Table Doesn't Exist

hi i am running this program
and its giving some problem while execution.
When the program tries to create the table expt1..its says
Msg 2714, Level 16, State 1
There is already an object named 'expt1' in the database.

and if i try to drop the table expt1 it says
Msg 3701, Level 11, State 1
Cannot drop the table 'expt1', because it doesn't exist in the system catalogs.

How should I resolve this problem...?
==========================



Declare @cmdstring varchar(255)
Declare @filename varchar(32)
DECLARE @v datetime

SELECT @v = GetDate()
Create table expt1(GMSKEY char,CONTRACT char,ORIGINALCONTRACT char,STATEMENTID char,
STATEMENTDATE char ,partner char ,ADDRESSSEQ char,BOOKINGAMOUNT char,
BOOKINGCURRENCY char,TAXEDIND char,TAXTYPE char,
DUEPERIOD char,ACCOUNTNUMBER char,PRODMONTH char,PRODYEAR char,BOOKINGUNIT char,
BOOKINGQUANTITY char,STATEMENTSEQ char,COSTID char,DELIVERYMETHOD char)

SELECT
DETAILTRANS.GMSKEY,
DETAILTRANS.CONTRACT,
DETAILTRANS.ORIGINALCONTRACT,
DETAILTRANS.STATEMENTID,
convert(varchar,DETAILTRANS.STATEMENTDATE,106) statementdate,
DETAILTRANS.partner,
DETAILTRANS.ADDRESSSEQ,
DETAILTRANS.BOOKINGAMOUNT,
DETAILTRANS.BOOKINGCURRENCY,
DETAILTRANS.TAXEDIND,
DETAILTRANS.TAXTYPE,
TITLECT.DUEPERIOD,
DETAILTRANS.ACCOUNTNUMBER,
DETAILTRANS.PRODMONTH,
DETAILTRANS.PRODYEAR,
DETAILTRANS.BOOKINGUNIT,
DETAILTRANS.BOOKINGQUANTITY,
DETAILTRANS.STATEMENTSEQ,
DETAILTRANS.COSTID,
TITLECT.DELIVERYMETHOD,

'' RECEND
INTO expt1
FROM DETAILTRANS,TITLECT

where DETAILTRANS.TITLEID=TITLECT.TITLEID

AND DETAILTRANS.CONTRACT IS NOT NULL
AND DETAILTRANS.CONTRACT!='N/A'
AND DETAILTRANS.EXPREV='E'
AND DETAILTRANS.PRELIMORFINAL='F'
AND DETAILTRANS.postedDATE IS NULL
ORDER BY DETAILTRANS.GMSKEy


select @filename = 'XAPIALTMKT'+CONVERT(varchar, @v, 112)+ SUBSTRING(CONVERT(varchar, @v, 108), 1, 2)
+ SUBSTRING(CONVERT(varchar, @v, 108), 4, 2)+ SUBSTRING(CONVERT(varchar, @v, 108), 7, 2) + '.TXT'

Select @cmdstring = 'bcp GM_PROD..expt1 out d:est' + @filename + ' -c -t"|" -r
-S -Usa -Psa'

exec master..xp_cmdshell @cmdstring
drop table expt1
===========
Thanks
Harish